February, 2024

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Brita snaps up smart water bottle startup, Larq

TechCrunch: M&A

Smart water bottle-maker Larq this week announced that it has been acquired by filtration giant, Brita. More specifically, Brita GmbH, the German company founded in 1966, which spun off and sold its North/South American wing to Clorox in 1988. Brita GmbH maintains the brand in the rest of the world, but it currently is barred […] © 2024 TechCrunch.

IT 347
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FTC Sues to Stop $24.6 Billion Kroger-Albertsons Deal

JD Supra: Mergers

On February 26, 2024, the Federal Trade Commission (“FTC”) issued an administrative complaint and authorized a lawsuit in federal court to block Kroger Company’s proposed $24.6 billion acquisition of the Albertsons Companies, Inc. The acquisition would be the largest supermarket merger in United States history.

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Best part of a trillion dollars pumped into settlement penalties and resolution measures over past decade, finds research

The TRADE

Over the past ten years the industry has poured $914.7 billion in the form of regulatory penalties and resolution measures, new research has found. A report by Firebrand Research worked with a range of key market participants, including buy- and sell-side firms and market infrastructures to collate the first-of-its-kind benchmark data on the true cost of settlement inefficiency.

Trading 145
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‘Most Wanted’ Man Pleads Guilty in Cyberattack That Upended Vermont Hospital

The New York Times: Banking

Vyacheslav Igorevich Penchukov, 37, of Ukraine, pleaded guilty in federal court for his role in two separate malware schemes that caused tens of millions of dollars in losses.

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Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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Investing in Tomorrow: Lifetime Value of Financial Education in High School

Tyton Partners

Investing in Tomorrow: Lifetime Value of Financial Education in High School Tyton Partners’ 2024 Investing in Tomorrow research publication focuses on how schools, K-12 providers, and state and local agencies can positively influence the lasting impact of high school financial education on students’ future financial well-being. In March 2023, only 24% of United States high school students were guaranteed that they would take a one semester course in personal finance.

Education 140

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Notion acquires privacy-focused productivity platform Skiff

TechCrunch: M&A

Notion launched its new calendar based on Cron last month, but its productivity suit can soon have more privacy-focused offerings. The company announced today that it has acquired Skiff, a platform that offers end-to-end encrypted file storage, docs, calendar events and email. Skiff was started in 2020 by Andrew Milich and Jason Ginsberg. The company […] © 2024 TechCrunch.

IT 327
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SEC’s New Rules Give SPACs, Target Companies Much to Consider

JD Supra: Mergers

On January 24, 2024, the U.S. Securities and Exchange Commission (the “SEC”) adopted new final rules relating to special purpose acquisition companies (“SPACs”). The new rules affect both initial public offerings (“IPOs”) for SPACs and so-called “de-SPAC” transactions involving target companies who enter into a business combination with SPACs. In summary, the new rules appear intended to harmonize the requirements (and potential liability for SPAC acquisition targets) of de-SPAC transactions.

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The stock market debate is trapped in the '90s with both bulls and bears drawing comparisons

CNBC: Investing

The market skeptics are busy flagging what they see as parallels between today and 1999, the year the '90s bull market went parabolic and sentiment came unhinged.

Stock 144
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A Russian Bank Account May Offer Clues to a North Korean Arms Deal

The New York Times: Banking

Moscow may be trying to help Pyongyang with access to the international financial system in exchange for missiles and ammunition, U.S.-allied intelligence officials suggest.

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Provide Real Value in Your Applications with Data and Analytics

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Digital assets and traditional finance: Can two parallel lanes converge?

The TRADE

In the ever-evolving landscape of financial markets, the emergence of digital assets has resulted in a paradigm shift as conventional notions have been challenged and new players have emerged along with a reshaping of the way in which financial systems are perceived and interacted with. As the introduction of digital assets become increasingly common, their influence on traditional finance is becoming more notable, blurring the line between two seemingly separate, and arguably parallel, financia

Finance 131
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F.T.C. Sues to Block Kroger-Albertsons Grocery Store Deal

The New York Times: Mergers, Acquisitions and Dive

The regulator is trying to stop the largest supermarket merger in history, arguing that the deal would eliminate competition and raise prices for consumers.

Mergers 134
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KKR to acquire VMware’s end user computing biz from Broadcom for $4B

TechCrunch: M&A

We’ve already started to see big M&A, as in multi-billion deals, finally pick up this year after a slow period last year. Today, KKR added to that growing total when it announced it was going to acquire Broadcom’s end user computing business for $4 billion. These pieces include VMware Workspace One and VMware Horizon, two […] © 2024 TechCrunch.

M&A 284
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What is Venture Capital and Why Does It Matter?

JD Supra: Mergers

The moniker “venture capital” is believed to have originated from the financier John Hay Whitney. Having served in World War 2, Whitney returned to the United States with a new mission: to spread American ideals of free enterprise by supporting fledgling entrepreneurs. He distinguished his investment method from traditional private equity or investment banking by making riskier investments in new, unproven businesses with the aim of larger returns should these businesses succeed.

Capital 302
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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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Hedge fund billionaire Bill Ackman to launch a NYSE-listed fund for regular investors

CNBC: Investing

Pershing Square's Ackman will offer a new investment vehicle listed on the New York Stock Exchange, aiming to leverage his following among retail investors.

Investors 145
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Jacob Rothschild, Banker, Financier and Philanthropist Dies at 87

The New York Times: Banking

The fourth Baron Rothschild, he left the family banking business to start his own company, becoming a powerful financier, patron of the arts and philanthropist.

Bank 145
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CME Group to launch US corporate bond index futures this summer

The TRADE

CME Group is set to expand its interest rate complex with the launch of US corporate bond index futures in summer 2024, subject to regulatory review. The new futures contracts will be based on the Bloomberg US corporate index and the Bloomberg US high yield very liquid index. The two indexes measure the performance of investment grade corporate bonds and a liquid, diversified component of the high yield corporate bond market, respectively. “As corporate debt issuance continues to increase

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When Your Wish Can Go Too Far

Successful Acquisitions

When Your Wish Can Go Too Far How problematic acquisitions and lack of a clear strategy have left the Mouse feeling trapped By Abigail Iaconis, Capstone Senior Analyst The Walt Disney Corporation has one of the most iconic brand images on Earth. Founded as the humbly named Disney Brothers Cartoon Studio in 1923, the company has shaped mass market entertainment and popular culture for a century.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Nigerian digital bank FairMoney in talks to buy Umba in $20M all-stock deal, sources say

TechCrunch: M&A

FairMoney, a digital bank based in Lagos and headquartered in Paris, is in discussions to acquire Umba, a credit-led digital bank providing payroll and financial services to customers in Nigeria and Kenya, in a $20 million all-stock deal, sources tell TechCrunch. The move signals FairMoney’s interest in growing its customer base by expanding into more […] © 2024 TechCrunch.

Bank 275
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Wells Fargo's new vice chair Braunstein brings investment banking heft

American Banker - Investment Banking

CEO Charlie Scharf has added another former JPMorgan Chase colleague to his leadership team as his shake-up of Wells Fargo continues. The hire of veteran investment banker Doug Braunstein comes as Scharf makes progress on his efforts to grow Wells' investment bank.

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Warren Buffett calls the late Charlie Munger 'part older brother, part loving father' in heartfelt tribute

CNBC: Investing

In his must-read annual letter Saturday, the 93-year-old "Oracle of Omaha" detailed Munger's instrumental role in helping him expand his conglomerate.

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China’s Investors Are Losing Faith in Its Markets and Economy

The New York Times: Banking

As their losses pile up, Chinese investors are losing confidence not only in the stock market but in the government’s ability to turn the economy around.

Investors 141
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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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LSEG sees double-digit growth across post-trade as exchange continues to reap benefits of acquisition push

The TRADE

The London Stock Exchange (LSEG) saw overall growth across its key businesses in 2023, with considerable improvement across data and analytics, capital markets, and in particular, post-trade. David Schwimmer The data and analytics offering saw a 7.3% year-on-year increase, while capital markets saw a 6.1% rise year-on-year as compared to 2022. However, post-trade saw a double digit increase of 17.4%, driven in large part by the acquisition-minded strategy of the exchange over the last few years.

Trading 113
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Choose to Learn 2024: K-12 Parents Poised to Explore New Educational Options

Tyton Partners

Choose to Learn 2024: K-12 Parents Poised to Explore New Educational Options The Choose to Learn K-12 initiative, launched in 2022, investigates the evolving landscape of parents’ K-12 education options, shedding light on the motivations, barriers, and aspirations of parents actively exploring alternative educational pathways for their children. Building on insights gained from Choose to Learn 2022 , this latest work assesses the breadth of preferences from 2,000+ parents for alternative ed

Education 111
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Totango and Catalyst are merging to build a customer success powerhouse

TechCrunch: M&A

One of the interesting aspects of this deal is that no money is changing hands. © 2024 TechCrunch. All rights reserved. For personal use only.

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AI is changing the cybersecurity game. And new strategies are needed to win.

Global Banking & Finance

AI is changing the cybersecurity game. And new strategies are needed to win. By: Lloyd Webb, VP sales engineering, EMEA, SentinelOne Generative AI has opened the door to a new and sophisticated set of threats to the enterprise. Adversaries are using the technology to execute machine speed attacks with less dwell time.

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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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CleanSpark jumps on plans to buy four bitcoin mining facilities ahead of the halving

CNBC: Investing

CleanSpark shares jumped after the company revealed plans to expand its mining presence and potentially double its hashrate in the first half of the year.

Shares 142
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Why New York’s Plan to Give Migrants Debit Cards Came Under Fire

The New York Times: Banking

A pilot program in New York City to give migrant families debit cards to buy food became an easy target for right-wing critics. Here’s a quick explainer.

Food 138
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Servexo Open to Grow With Ideal Capital Partner

The Deal

After being in business for more than a decade, security solutions provider Servexo Inc., which services the corporate, government, healthcare, education and utilities sectors, is prepared to entertain serious discussions with potential investors in the next three to six months. Servexo, headquartered in Gardena, Calif., has been bootstrapped since it was founded in 2012 and incorporated in 2013.

Capital 111